Sassy Gold Announces Cease Trade Order

Rhea-AI Summary

Sassy Gold (OTCQB:SSYRF / CSE:SASY) announced that the British Columbia Securities Commission issued a Failure-to-File Cease Trade Order (FFCTO) dated November 3, 2025, under Multilateral Instrument 11-103.

The FFCTO arose because the company did not file its annual audited financial statements, MD&A, and certification for the year ended June 30, 2025. Trading in Sassy securities is prohibited in Canadian jurisdictions that adopted MI 11-103 until the FFCTO is revoked or varied.

The company says it currently lacks the financial resources to complete the audit and is assessing strategic alternatives and potential capital sources, but offers no timing or outcome assurances.

Positive

• Management is assessing strategic alternatives and potential capital
• Company disclosed the FFCTO and filing shortfalls openly

Negative

• FFCTO prohibits trading in Canadian jurisdictions adopting MI 11-103
• Missing annual audited financial statements for year ended June 30, 2025
• Missing annual MD&A and certification of annual filings
• Company lacks financial resources to complete its audit

VANCOUVER, BC / ACCESS Newswire / November 5, 2025 / Sassy Gold Corp. (CSE:SASY)(OTCQB:SSYRF)(FSE:4E7) ("Sassy" or "the Company") announces that the British Columbia Securities Commission ("BCSC") has issued a Failure-to-File Cease Trade Order ("FFCTO") dated November 3, 2025, pursuant to Multilateral Instrument 11-103 - Failure-to-File Cease Trade Orders in Multiple Jurisdictions.

The FFCTO was issued as a result of the Company's failure to file the following periodic disclosure documents for the financial year ended June 30, 2025:

1. Annual audited financial statements;

2. Annual management's discussion and analysis ("MD&A"); and

3. Certification of annual filings.

As a result, trading in the securities of Sassy is prohibited in each jurisdiction of Canada that has adopted Multilateral Instrument 11-103, until such time as the FFCTO is revoked or varied in accordance with applicable securities laws.

The Company currently lacks the financial resources necessary to complete its audit and related continuous disclosure obligations. Management continues to assess strategic alternatives and potential sources of capital but can provide no assurance as to the timing or outcome of any such efforts.

About Sassy Gold Corp.

Sassy Gold Corp. is a Canadian junior exploration company focused on advancing its gold and precious metal projects in Newfoundland and Labrador. The Company's projects include the Gander North Project and other exploration-stage assets in Eastern Canada.

Contact Information
Mark Scott
Chief Executive Officer
info@sassygold.com

Caution Regarding Forward Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including but not limited to statements regarding the Company's financial condition, potential funding efforts, strategic options, and the possible revocation of the cease trade order.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks include, but are not limited to, the Company's ability to secure financing, dependence on regulatory and third-party approvals, loss of key personnel, general economic conditions, commodity price fluctuations, and the risk that the Company may be unable to maintain its reporting issuer status or corporate existence. The Company cautions readers that there can be no assurance that it will obtain additional financing, complete its required filings, or have the FFCTO revoked. Forward-looking information speaks only as of the date of this release, and the Company assumes no obligation to update or revise it except as required by applicable law.

Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with applicable securities regulatory authorities and may be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sassy Gold Corp.

View the original press release on ACCESS Newswire

FAQ

What does the November 3, 2025 FFCTO mean for Sassy Gold (SSYRF) trading?

The FFCTO prohibits trading in jurisdictions of Canada that adopted MI 11-103 until the order is revoked or varied.

Which filings did Sassy Gold (SSYRF) fail to file for year ended June 30, 2025?

Sassy failed to file its annual audited financial statements, annual MD&A, and certification of annual filings.

Why did the BCSC issue a Failure-to-File Cease Trade Order for Sassy Gold (SSYRF)?

The BCSC issued the FFCTO because the company did not file required annual disclosure documents for the 2025 fiscal year.

Has Sassy Gold (SSYRF) explained how it will complete the audit?

The company stated it currently lacks the financial resources to complete the audit and is seeking strategic alternatives and capital, with no timing assurance.

When will the FFCTO on Sassy Gold (SSYRF) be revoked?

The FFCTO will be revoked or varied only when applicable securities laws' conditions are satisfied, such as filing the required audited reports.